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Nothing but the blue sky of China; defining poverty

Nothing but the blue sky of China; defining poverty



wepollock | November 22, 2010 | 76 likes, 1 dislikes

Poverty may be a function of necessity, context, and expectation. These three elements account for differences poverty worldwide; levels of which are not reflected in accepted poverty statistics. People in the US define poverty against the structural context of a high level of per-capita GDP. With lower GDP on a per capita basis in China the population may be more vulnerable to inflation driven poverty, and also poverty due to loss of market share. Additionally, currency strength might increase currency purchasing power but may be a time-bomb for export related jobs. Needing stability China has been trying to avoid the raising of its own currency value, raising interest rates in China might roil the US stock market for a day, but it does nothing to address a high level of inflation versus limited per capita GDP.
 
Bob Chapman and Eminem Crash JP Morgan - buy silver

Bob Chapman and Eminem Crash JP Morgan - buy silver

kronikG | November 22, 2010 | 13 likes, 0 dislikes




Bob Chapman team-up with Eminem against JP Morgan.

Bob Chapman was on Financial Survival 11/19/2010 discussing Max Keiser's campaign for people to Crash JP Morgan and buy Physical Silver www.maxkeiser.com

if you like the vid, please go vote for it
http://www.crashjpm.com Video #27
 
THE INTERNATIONAL FORECASTER WEDNESDAY, NOVEMBER 24, 2010 112410(7)IF

THE INTERNATIONAL FORECASTER
WEDNESDAY, NOVEMBER 24, 2010
112410(7)IF


Please see attached.
 

Attachments

  • 112410(7)IF.pdf
    439.2 KB · Views: 535
China, Russia quit dollar on bilateral trade

http://english.peopledaily.com.cn

http://english.peopledaily.com.cn/90001/90778/90859/7208907.html

08:22, November 24, 2010

China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday in St. Petersburg.

Chinese experts said the move reflected closer relations between Beijing and Moscow and is not aimed at challenging the dollar, but to protect their domestic economies.

"About trade settlement, we have decided to use our own currencies," Putin said at a joint news conference with Wen in St. Petersburg.

The two countries were accustomed to using other currencies, especially the dollar, for bilateral trade. Since the financial crisis, however, high-ranking officials on both sides began to explore other possibilities.

The yuan has now started trading against the Russian rouble in the Chinese interbank market, while the renminbi will soon be allowed to trade against the rouble in Russia, Putin said.

"That has forged an important step in bilateral trade and it is a result of the consolidated financial systems of world countries," he said.
Click to expand...

Article continues... see URL links above
 
'It's Wrong' to Wish for Euro's Failure.... Rothschild Says

'It's Wrong' to Wish for Euro's Failure.... Rothschild Says



MrBernardLMadoff | 23 November 2010 | 7 likes, 0 dislikes

Nov. 23 (Bloomberg) -- Financier Evelyn de Rothschild talks about the outlook for Ireland's banking industry and the spread of the European sovereign debt crisis. He speaks with Bloomberg's Mark Barton during the Bloomberg Businessweek European Leadership Forum in London.

FAIR USE NOTICE: This video may contain copyrighted material. Such material is made available for educational purposes only. This constitutes a 'fair use' of any such copyrighted material as provided for in Title 17 U.S.C. section 107 of the US Copyright Law.
 
Rothschild Bank AND Goldman Sachs Are Both On The LIST Of Bondholders Getting U.S. Ta

Rothschild Bank AND Goldman Sachs Are Both On The LIST Of Bondholders Getting U.S. Taxpayer Billions In Irish Bailout



http://dailybail.com

http://dailybail.com/home/rothschild-bank-and-goldman-sachs-are-both-on-the-list-of-bo.html

U.S. taxpayers finance approximately 20% of the IMF's budget.

Guess what, Ireland. Brian Lenihan and Brian Cowen just sold you down the IMF river. Why? To bail out bank bondholders and giant European banks. Of course! That's what governments are for these days, apparently. And they'll tell you that the bailout policy is all for you own good. And for little old ladies and pensioners and orphans. Just don't tell that to the cancer patients.

Yep, another nation made IMF debt slaves on behalf of the international banking cartels. And Goldman Sachs and Rothschild & Compagnie are on the list.

Check it out below -- Guido Fawkes' blog has acquired the list of Anglo-Irish Bank's bondholders.
Click to expand...

Article continues ...
 
Spain and Portugal under fire as bond spreads hit record

Spain and Portugal under fire as bond spreads hit record


http://www.telegraph.co.uk

http://www.telegraph.co.uk/finance/...al-under-fire-as-bond-spreads-hit-record.html


By Ambrose Evans-Pritchard 9:58PM GMT 23 Nov 2010

Comments

Yields on 10-year Portuguese bonds jumped to 6.9pc, replicating the pattern seen in Greece and Ireland just before they capitulated and turned to the EU and the International Monetary Fund.

Spreads on 10-year Spanish bonds rose to a post-EMU record of 233 basis points over Bunds, pushing the yield to 4.87pc. Spain's central bank governor, Miguel Angel Fenrandez Ordonez, said the contagion had spread rapidly to the eurozone periphery and "made itself felt" in the Spanish debt markets. He called on Madrid to accelerate fiscal reforms to persuade the markets the country really means to put its house in order.

"Spain is a bit too big to be bailed out," said Antonia Garcia Pascual, of Barclays Capital. "The size of rescue required would use up all the funds available and then you have Italy with contagion as well."
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US dollar dropped by China and Russia and resort to using their own currencies

US dollar dropped by China and Russia and resort to using their own currencies



connectingdots1 | 24 November 2010 | 20 likes, 0 dislikes

St. Petersburg, Russia - China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday.
Chinese experts said the move reflected closer relations between Beijing and Moscow and is not aimed at challenging the dollar, but to protect their domestic economies.

"About trade settlement, we have decided to use our own currencies," Putin said at a joint news conference with Wen in St. Petersburg.

The two countries were accustomed to using other currencies, especially the dollar, for bilateral trade. Since the financial crisis, however, high-ranking officials on both sides began to explore other possibilities.

The yuan has now started trading against the Russian rouble in the Chinese interbank market, while the renminbi will soon be allowed to trade against the rouble in Russia, Putin said.


mirrored from http://www.youtube.com/user/traynickel
 
Banks feel threatened by Bullion bulls

Banks feel threatened by Bullion bulls



http://www.commodityonline.com

http://www.commodityonline.com/news/Banks-feel-threatened-by-Bullion-bulls-33745-3-1.html

I want to leave you with some thoughts on gold and silver as we head into the long Thanksgiving holiday. The airwaves are filled with opinions, conjecture, commentaries masquerading as fact and just plain old misinformation designed to scare you out of your positions.

There’s a lot at stake right now as the central banks around the world feel threatened by the rise in price of both gold and silver. They understand the well guarded secret that gold is the only real money out there and fiat paper is just a poor pretender to the throne. The unbridled printing of fiat paper is the tool used by central banks to separate you from your wealth.
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Buying Silver to Crash J.P. Morgan

Buying Silver to Crash J.P. Morgan



PastorDowell | 24 November 2010 | 13 likes, 0 dislikes

We are doing our part! How about you?
 
Max Keiser: Crash JP Morgan - Buy Silver!

Max Keiser: Crash JP Morgan - Buy Silver!



RussiaToday | 17 November 2010 | 363 likes, 4 dislikes

Max Keiser - financial analyst and host of RT's Keiser Report - has launched a viral campaign to bring down JP Morgan - dubbed by Keiser as main global financial terrorists.
 
War? South & North Korea fire artillery shells, houses ablaze

War? South & North Korea fire artillery shells, houses ablaze

Old news. Just posted to record this event.



RussiaToday | November 23, 2010 | 413 likes, 44 dislikes

Follow latest updates at http://www.facebook.com/RTnews and http://twitter.com/RT_com
South Korea has confirmed firing dozens of artillery shells in retalliation against an attack by North Korea. The action followed earlier reports that North Korea had fired over 200 rounds across its western maritime border. Witnesses say the shells hit Yeonpyeong Island in the Yellow Sea where over 60 houses are ablaze. Reports say one South Korean marine has been killed and at least 14 people have been injured. Seoul has since placed the country is on its highest non-wartime alert.
 
Silver's minimal political risk

Silver's minimal political risk



silverfuturist | November 24, 2010 | 105 likes, 1 dislikes

Americans never had issues owning silver, while gold and even platinum have been controlled substances. Silver is still about 1/2 of its all time high, and there was no politcal risk of owning it back then.

http://www.youtube.com/watch?v=apmNL766Cis
 
'The Euro Game Is Up! Who the hell do you think you are?' - Nigel Farage MEP

'The Euro Game Is Up! Who the hell do you think you are?' - Nigel Farage MEP



europarl | November 24, 2010 | 791 likes, 9 dislikes

► European Parliament, Strasbourg - 24 November 2010

► Speaker: Nigel Farage MEP, UKIP, Co-President of the EFD group;
..................................

► Debate: European Council and Commission statements - Conclusions of the European Council meeting on economic governance (28-29 October)

Transcript:

Good morning, Mr van Rompuy,

You've been in office for one year and in that time the whole edifice is beginning to crumble, there's chaos, the money's running out - I should thank you; you should perhaps be the pin-up boy of the Eurosceptic movement.

But just look around this chamber, this morning. Just look at these faces. Look at the fear. Look at the anger. Poor old Barroso here looks like he's seen a ghost.

They're begining to understand that the game is up and yet in their desperation to preserve their dream, they want to remove any remaining traces of democracy from the system. And it's pretty clear that none of you have learnt anything.

When you yourself, Mr van Rompuy, say that the euro has brought us stability. I suppose I could applaud you for having a sense of humour, but isn't this, really, just the bunker mentality?

Your fanaticism is out in the open. You talked about the fact that it was a lie to believe that the nation state could exist in the 21st Century globalised world. Well, that may be true in the case of Belgium, who haven't had a government for six months, but for the rest of us, right across every member state in this Union - and perhaps this is why we see the fear in the faces - increasingly people are saying, 'We don't want that flag. We don't want the anthem. We don't want this political class. We want the whole thing consigned to the dustbin of history.'

And we had the Greek tragedy earlier on this year, and now we have this situation in Ireland. Now I know that the stupidity and greed of Irish politicians has a lot to do with this. They should never ever have joined the euro. They suffered with low interest rates, a false boom and a massive bust.

But look at your response to them. What they're being told, as their government is collapsing, is that it would be inappropriate for them to have a general election. In fact Commissioner Rehn here said they had to agree their budget first before they'd be allowed to have a general election.

Just who the hell do you think you people are?

You are very very dangerous people, indeed. Your obsession with creating this Euro state means that you're happy to destroy democracy. You appear to be happy for millions and millions of people to be unemployed and to be poor. Untold millions must suffer so that your Euro dream can continue.

Well it won't work. Because it's Portugal next, with their debt levels of 325% of GDP, they're the next ones on the list, and after that I suspect it will be Spain. And the bailout for Spain would be seven times the size of Ireland's and at that moment all of the bailout money has gone - there won't be anymore.

But it is even more serious than economics. Because if you rob people of their identity. If you rob them of their emocracy, then all they are left with is nationalism and violence. I can only hope and pray that the Euro project is destroyed by the markets before that really happens.
..................................

► Credits:
Video: EbS - European Parliament
Music:
- Intro from 'Velvet Choker' - Cornerstone Cues
- Closing from 'Red Army is the Strongest', by the Soviet Red Army Choir.
........................................*..............

► EU Member States:
Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Sweden, United Kingdom
 
London Nov 25th. protest turns ugly amongst protesters and scuffles with mounted poli

London Nov 25th. protest turns ugly amongst protesters and scuffles with mounted police.



connectingdots1 | November 25, 2010 | 6 likes, 0 dislikes

"Assorted shots of protesters remonstrating with police and mounted officers moving through the crowd with demonstrators throwing missiles at the horses. Protesters argue with police and eventual one man is struck with a baton by an officer. In the final clip, demonstrators scatter as a police horse bolts towards the crowd."
 
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